Aabha Kulkarni

FRM-certified ALM and Balance Sheet Risk professional with 6+ years of experience across Balance Sheet Modelling, IRRBB, Liquidity and Treasury Risk Management within banking and financial services. Proven expertise in developing and enhancing Full Balance Sheet Models and regulatory risk metrics. Experienced in delivering regulatory change, model governance, stakeholder management, and audit-ready controls.

Advanced user of FIS Balance Sheet Manager (BSM) with strong technical capabilities in SQL and Advanced Excel, driving automation, data quality improvements, and risk reporting efficiency.

Senior Analyst - ALM Modelling - Yorkshire Building Society - Leeds, UK

(2024-10)

• Lead development and enhancement of Full Balance Sheet and IRRBB models supporting key regulatory risk metrics including EVE, NII, Basis Risk, FSA017 and SOT
• Led scoping, impact assessments, UAT delivery and stakeholder engagement for IRRBB SOT IJA regulatory change initiatives in collaboration with Market Risk, Regulatory Reporting and 2LOD teams.
• Act as SME for FIS Balance Sheet Manager, supporting model development, troubleshooting, testing, production runs and knowledge transfer across teams.
• Developed SQL-based ETL and analytical solutions, reducing manual processing by 50% and improving data quality for risk reporting.
• Designed and implemented automation and control enhancements using VBA, SQL and Excel, improving model efficiency, version control, auditability, and month-end reporting processes.
• Collaborate with Market risk and Treasury stakeholders to deliver model enhancements and daily/month-end risk reporting.
• Developed and maintained behavioural assumptions modelling, supporting ALM forecasting and IRRBB risk measurement.
• Developed robust reconciliation, validation and exception-reporting controls across model inputs, assumptions and outputs, improving data quality, transparency, and audit readiness.
• Supported liquidity risk management and regulatory reporting by analysing cashflow behaviour, balance sheet dynamics and assumptions impacting LCR, NSFR and broader ALM risk metrics.

ALM Risk Analyst - FIS - Pune, India

(2022-02 - 2023-07)

• Provided technical support for FIS BSM across ALM, IRRBB, Liquidity Risk, Market Risk, and Stress Testing.
• Managed key reports including cash flow balance sheet, repricing gaps, sensitivities, LCR, and NSFR.
• Designed SQL queries to analyse large datasets, ensuring data accuracy in collaboration with implementation teams.
• Supported 75+ banking clients across APAC and Middle East regions.

Financial Planner - CA Ajit P Ranade & Co. Chartered Accountants - Pune, India

(2020-01 - 2021-10)

• Developed financial and tax savings plans and executed the client-approved financial plans.
• Counselled clients on financial matters and provided recommendations on investment opportunities, products and services based on client needs and asset availability.

Associate Financial Planner - Safehands Financial Advisors - Pune, India

(2017-11 - 2019-08)

• Delivered financial advice to 100+ clients, proposing strategies to achieve short-term and long-term objectives for investments, insurance and estate planning with minimal risk.
• Executed the financial plan using different financial instruments that optimized risk.

MSc - Banking and Finance - Sheffield Hallam University (2023-09 - 2024-08)

Master of Commerce - Advanced Accounting and Taxation - Pune, India (2017-06 - 2019-05)

Bachelor of Commerce - Banking - Symbiosis College of Arts and Commerce (2014-06 - 2017-05)